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  • bee November 2017
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Q&A With Joel Tillinghast, Manager, Fidelity Low-Priced Stock Fund

FYI: For Joel Tillinghast, investing is as much about avoiding mistakes as picking winners.

In 28 years of running the $38 billion Fidelity Low-Priced Stock Fund FLPSX, +0.02% he has done plenty of both.FYI:
Regards,
Ted
https://www.marketwatch.com/story/fidelity-fund-manager-investing-successfully-is-about-minimizing-regrets-2017-11-06/print

M* Snapshot FLPSX:
http://www.morningstar.com/funds/XNAS/FLPSX/quote.html

Lipper Snapshot FLPSX:
https://www.marketwatch.com/investing/fund/flpsx

FLPSX Is Ranked #6 In The (MCV) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/mid-cap-value/fidelity-low-priced-stock-fund/flpsx

Comments

  • Q: Where are you finding stocks these days that meet your criteria? How does today’s environment rank on the scarce-to-plentiful/easy-to-hard scale and how does it compare to other times?

    A: Japanese small caps are the single biggest pocket of great opportunities.

    Also, this comment seemed worth considering Canada now:
    Five years ago, the Canadian dollar was near parity with the U.S. dollar, but today it is worth about US$0.78, reducing the value of Canadian stock holdings proportionately.
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